Press release
Global Video Management Software (VMS) Market to Reach $39.81 Billion by 2029, Growing at 21.3% CAGR
Video Management Software VMS Market
The upward trend in crime levels is projected to push the expansion of the video management software market. Crime levels, meaning the incidence or regularity of unlawful activities in a certain geographical area or population over a specific period of time, occur due to factors such as socioeconomic conditions, demographical shifts, societal discontent, and political unrest. Video management software aids law enforcement agencies in using technology to improve their surveillance, investigation, data analysis, pattern recognition, and response capabilities, thereby assisting in crime prevention. For example, Brighton Analytics Limited, a data aggregation firm based in the UK, reported in 2022 that the crime rate in the UK was 75.88 per 1,000 inhabitants for 2022-2023, indicating an 8% increase from 2021. Consequently, the surge in crime levels is fostering the growth of the video management software market.
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What growth opportunities are expected to drive the video management software (vms) market's CAGR through 2034?
Recent years have witnessed a significant expansion in the size of the video management software (VMS) market. The market is projected to rise from $15.14 billion in 2024 to $18.41 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 21.6%. The unprecedented growth during the historical period is due to rising security issues, amalgamation with other safety systems, government interventions, scalability, and cost-efficiency, as well as solutions specific to different industries.
In the coming years, the market for video management software (VMS) is anticipated to experience significant expansion, reaching a worth of $39.81 billion in 2029 with a compound annual growth rate (CAGR) of 21.3%. Several factors can be credited for this predicted growth throughout the forecast period, such as the potential market expansion in the next decade, the shift towards IP-based solutions, widespread market growth strategies, augmented surveillance capability, and rising demand for specialized solutions. During the forecast period, there will be key trends to observe: growth in Internet of Things (IoT) and video analytics adoption, escalating security concerns, sophistication in surveillance ability, an increased need for tailor-made solutions, and original product introductions.
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What are the emerging trends shaping the future of the video management software (vms) market?
Renowned corporations active in the video management software market are focusing on creating cutting-edge advancements like the Qognify VMS to retain competitiveness and cater to the changing requirements of users. This software-led platform oversees and regulates video surveillance cameras, recording devices, and several other elements of a video surveillance system. For example, in April 2022, Qognify Inc., an American software firm, introduced a fresh video management software named Qognify VMS, intended to assist establishments in managing their video surveillance systems more efficiently. It boasts a variety of functions, including intelligent assistance for investigative procedures, sophisticated analytics, and synchronization with other security systems. Plus, it utilizes the tested technology of Qognify's successful video management software, Cayuga, which is compatible with several industries like retail, transportation, and critical infrastructure, thereby aiding organizations in elevating their security and operational efficacy.
Which growth-oriented segments of the video management software (vms) market are leading the industry's development?
The video management software (VMS) market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Organization: Small And Medium Sized Enterprises, Large Enterprises
3) By Technology: Analog Based Video Management Software, Internet Protocol Based Video Management Software
4) By Vertical: Banking Financial Services And Insurance (BFSI), Government, Healthcare And Life Sciences, Manufacturing And Automotive, Retail, Transportation And Logistics, Media And Entertainment, Education, Other Verticals
Subsegments:
1) By Solutions: On-Premise Solutions, Cloud-Based Solutions, Hybrid Solutions
2) By Services: System Integration, Consulting, Maintenance And Support, Training And Education
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North America was the largest region in the video management software (VMS) market in 2024. The regions covered in the video management software (VMS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the video management software (vms) market?
Major companies operating in the video management software (VMS) market are Bosch Security Systems Ltd., Hitachi Ltd., Siemens AG, Schneider Electric, Honeywell International Inc., Johnson Controls International Plc, Hangzhou Hikvision Digital Technology Co. Ltd., Hikvision USA, NetApp Inc., Zhejiang Dahua Technology Co. Ltd., Dahua Technology Inc., Ubiquiti Networks, Axis Communications AB, Mindtree Ltd., Verint Systems Inc., eInfochips Inc., Verkada Inc., Vivotek Inc., Eagle Eye Network Inc., Milestone Systems, Hanwha Techwin Co. Ltd., Digifort Global, Avigilon Corporation, KEDACOM Ltd., Genetec Inc
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What Is Covered In The Video Management Software (VMS) Global Market Report?
•Market Size Forecast: Examine the video management software (vms) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the video management software (vms) market for a structured understanding.
•Key Players Overview: Analyze major players in the video management software (vms) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the video management software (vms) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the video management software (vms) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the video management software (vms) market.
•Industry Challenges: Identify potential risks and obstacles affecting the video management software (vms) market.
•Competitive Landscape: Review strategic developments in the video management software (vms) market, including expansions, agreements, and new product launches.
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